BEB Capital Acquires Industrial Property In New Haven County For $4.8M
SOLD
$4,800,000
+ 1
Connecticut
See Similar DealsIndustrial51,220 SF
Sold 11/16/2021
SOLD
BEB Capital Acquires Industrial Property In New Haven County For $4.8M
34 Barnes Industrial Road South, Wallingford, CT 06492, USA
See Similar DealsIndustrial51,220 SF
Sold 11/16/2021
+ 1
Summary
CONNECTICUT
Asset Type:Industrial
Price Per Square Foot:$93
Total Square Footage:51,220 SF
Transaction Type:Sale
An industrial property located at 34 Barnes Industrial Road South in New Haven County has been sold. The property spans an area of 51,220 square feet and was sold for a price of $4,800,000, resulting in a price per square foot of $93. The transaction took place on November 16, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,800,000
- Address: 34 Barnes Industrial Road South
- Market: New Haven County
The buyer of the property is BEB Capital represented by Lee Brodsky, Keyvan Ghaytanchi, and Ben Fischer. The seller in this transaction is Lawrence Buhl. The deal was facilitated by Jordan Avanzato from JLL.
Players
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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